Boise real estate data indicates further market slowdown due to the higher interest rates and low inventory of affordable homes. The number of sold single family homes was down by27 percent. Median price of a sold house was 17 percent lower than a year ago; average price was 5 percent lower. House took 24 days to sell, 15 days longer to sell on average compared to May '22.
Below you'll find property selling data in May '23 vs. May '22.
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Single Family Homes
| Boise | May 2023 | May 2022 | Difference |
| No. of Sales | 293 | 373 | -27% |
| Median Price | $499,900 | $585,000 | -17% |
| Average Price | $644,623 | $674,017 | -5% |
| Days on Market | 24 | 9 | +15 days |
Condos and Townhomes
| Boise | May 2023 | May 2022 | Difference |
| No. of Sales | 59 | 51 | +16% |
| Median Price | $404,900 | $549,900 | -36% |
| Average Price | $416,722 | $550,657 | -32% |
| Days on Market | 37 | 14 | +23 days |
Ada County, where Boise is located, posted similar home sales, inventory, home price data:
Every market is different. If you'd like to find out what your home is worth in today's market contact Krystyna Ryan at (208)918-5007 or click below to get a price range.
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